Terry Ward, REALTORĀ®

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Terry Ward

  • Price Reduced on 2075 Westland Rd in Sylvan Shores

    Sylvan Shores, Mount Dora  -  Announcing a price reduction on 2075 Westland Rd, a 1,168 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $89,000 - Priced to Sell.

    Property information

  • Retirees Buying Now!!

    Nearly everybody has some idea of how they will end up spending their retirement years. Certain retirees yearn to take a trip around the nation in an RV while some others hope to buy a lake house and sit on the porch in a rocking chair. However, many people still think of Florida to be the place to retire to because of the warm average temperature and large number of retirement homes.

    Florida is a place that makes a lot of sense for retirees, even more now than ever. Because Florida was hit by the awful economy and housing sales pretty badly, retirees can unearth great deals on all kinds of retirement homes there. A lot of retirees could have lost a lot of retirement investments due to the stock market, for that reason they will probably have a reduced amount of money to invest in a house. This is part of the reason why the Florida housing market makes more sense right now. Even if they often have less to invest, the condos have spectacularly dropped in price allowing for potentially bigger purchases than they could have otherwise made.

    Apart from just real estate considerations, Florida is a place full of sun and fun. Retirees may get pleasure from beach front living or find a estate on a lake (especially in Lake County, FL) or river. There are many options open to retirees which allows for any personality to locate a lovely place to live in. Mount Dora, and the surrounding towns make retiring a viable option due to the overly friendly small town atmosphere. Our area is known as the "New England" of Florida.

    Florida is lucky enough to have an copious number of retirement themed housing developments and condo complexes where retirees can get together with other like minded friends and enjoy the comraderie of the retirement lifestyle. In addition, there are a number of RV communities with free standing sunrooms that easily fasten to the side of your RV. Then when you leave in your RV, you simply lock up your sunroom and go on your trip.

    Finding a home in Florida really makes great sense at the moment for retirees. There are plenty of options available to retirees as far as the type of community as well as the costs. Do your due diligence, as always, and ensure you know a lot about the area, the amenities and the last market sales.

  • February Existing-Home Sales Slip But Up Strongly From a Year Ago

    Washington, March 21, 2012

    February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according to the National Association of Realtors®. Sales were up in the Midwest and South, offset by declines in the Northeast and West.

    Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 0.9 percent to a seasonally adjusted annual rate of 4.59 million in February from an upwardly revised 4.63 million in January, but are 8.8 percent higher than the 4.22 million-unit level in February 2011.

    Lawrence Yun, NAR chief economist, said underlying factors are much better compared to one year ago. “The market is trending up unevenly, with record high consumer buying power and sustained job gains giving buyers the confidence they need to get into the market,” he said. “Although relatively unusual, there will be rising demand for both rental space and homeownership this year. The great suppression in household formation during the past four years was unsustainable, and a pent-up demand could burst forth from the improving economy.”

    According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was a record low 3.89 percent in February, down from 3.92 percent in January; the rate was 4.95 percent in February 2011; recordkeeping began in 1971.

    NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami, said market conditions are improving. “Supply and demand have become more balanced in more markets, but with tight supply in the lower price ranges – particularly in the West,” he said. “When markets are balanced, we normally see prices rise one to two percentage points above the rate of inflation, but foreclosures and short sales are holding back median prices.”

    The national median existing-home price2 for all housing types was $156,600 in February, up 0.3 percent from February 2011. Distressed homes3 – foreclosures and short sales sold at deep discounts – accounted for 34 percent of February sales (20 percent were foreclosures and 14 percent were short sales), down from 35 percent in January and 39 percent in February 2011.

    “The bottom line is investors and first-time buyers are competing for bargain-priced properties in much of the country, with home prices showing signs of stabilizing in many areas,” Veissi said. “People realize that homeownership is an investment in their future. Given an apparent over-correction in most areas, over the long term home prices have nowhere to go but up.”

    Total housing inventory at the end of February rose 4.3 percent to 2.43 million existing homes available for sale, which represents a 6.4-month supply4 at the current sales pace, up from a 6.0-month supply in January. Even so, unsold listed inventory has trended down from a record 4.04 million in July 2007, and is 19.3 percent below a year ago.

    “Falling visible and shadow inventory, combined with a dearth of new-home and apartment construction during the past three years, assure that rents will continue to rise, with likely home price increases in 2012,” Yun said.

    Fifty-one percent of NAR members report that contracts settled on time in February, 18 percent had delays and 31 percent experienced contract failures; the cancellation rate was 33 percent in January and 9 percent in February 2011. Contract failures are commonly caused by declined mortgage applications and failures in loan underwriting from appraisals coming in below the negotiated price.

    “Many buyers are staying in the market after experiencing a contract failure and making an offer on another property, showing their determination to take advantage of the favorable conditions, but the cancellations are contributing to an uneven sales pattern,” Yun said.

    All-cash sales rose to 33 percent of transactions in February from 31 percent in January; they were 33 percent in February 2011. Investors account for the bulk of cash transactions.

    Investors purchased 23 percent of homes in February, unchanged from January; they were 20 percent in February 2011. First-time buyers accounted for 32 percent of transactions in February, down from 33 percent in January and 34 percent in February 2011.

    Single-family home sales declined 1.0 percent to a seasonally adjusted annual rate of 4.06 million in February from 4.10 million in January, but are 9.4 percent higher than the 3.71 million-unit level a year ago. The median existing single-family home price was $157,100 in February, which is 0.1 percent above February 2011.

    Existing condominium and co-op sales were unchanged at a seasonally adjusted annual rate of 530,000 in February and are 3.9 percent above the 510,000-unit pace in February 2011. The median existing condo price was $153,000 in February, up 1.6 percent from a year ago.

    Regionally, existing-home sales in the Northeast fell 3.3 percent to an annual level of 580,000 in February but are 5.5 percent above a year ago. The median price in the Northeast was $225,800, down 1.9 percent from February 2011.

    Existing-home sales in the Midwest rose 1.0 percent in February to a pace of 1.02 million and are 13.3 percent higher than February 2011. The median price in the Midwest was $120,500, which is 0.5 percent below a year ago.

    In the South, existing-home sales increased 0.6 percent to an annual level of 1.77 million in February and are 9.3 percent higher than a year ago. The median price in the South was $138,100, up 1.8 percent from February 2011.

    Existing-home sales in the West declined 3.2 percent to an annual pace of 1.22 million in February but are 6.1 percent above February 2011. The median price in the West was $195,300, up 3.1 percent from a year ago.

    The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

    # # #

    NOTE: For local information, please contact the local association of Realtors® for data from local multiple listing services. Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology.

    1Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings from multiple listing services. Changes in sales trends outside of MLSs are not captured in the monthly series. A rebenchmarking of home sales is done periodically using other sources to assess the overall home sales trend, including sales not reported by MLSs.

    Existing-home sales differ from the U.S. Census Bureau’s series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which account for more than 90 percent of total home sales, are based on a much larger sample – about 40 percent of multiple listing service data each month – and typically are not subject to large prior-month revisions.

    The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

    Single-family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single-family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

    2The only valid comparisons for median prices are with the same period a year earlier due to the seasonality in buying patterns. Month-to-month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year-ago median and mean prices sometimes are revised in an automated process if more data is received than was originally reported.

    3Distressed sales (foreclosures and short sales), contract failures, all-cash transactions, investors and first-time buyers and are from a monthly survey for the Realtors® Confidence Index, posted at Realtor.org.

    4Total inventory and month’s supply data are available back through 1999, while single-family inventory and month’s supply are available back to 1982 (prior to 1999, condos were measured quarterly while single-family sales accounted for more than 90 percent of transactions).

    The Pending Home Sales Index for February will be released March 26 and existing-home sales for March is scheduled for April 19. The Investment and Vacation Home Buyers Survey, covering transactions in 2011, will be released March 29; all release times are 10:00 a.m. EDT.

    Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section. Statistical data in this release, other tables and surveys also may be found by clicking on Research.

    REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.

  • Short Sale Answers for Buyers

    Short Sales: Answers for First-Time Buyers

    March 2, 2012|

     Many people in the market today are first-time home buyers who would not have been able to buy when home prices were higher. Enticed both by lower prices and bank promotions, these eager hopefuls are have taken the signs of deals as the best chance to make their first real estate move  .

    While all home buyers need help with the short sale process, it’s especially challenging to address the needs and concerns of a first-time home buyer who has decided a short sale is the home for them. Here’s how to get answers to first-time home buyers’ top three questions about short sales.

    1. How long does it take for a bank to approve a short sale?

    This is the million-dollar question. While it takes an average of three to six months, the timeline – and the process – vary quite a bit from one bank to another.

    Short sale approval timelines depend on the bank (some just take longer than others). While each bank has different short sale guidelines, the short sale has to make sense to the bank. The more sense the short sale offer makes to the bank, the faster the approval process.

    Here are some things that slow down the process by several weeks or more – these usually involve more people or more factors:

    ·         Multiple liens on the property

    ·         A third party negotiating the short sale on behalf of a seller. Some states allow third parties to do this, for a fee; some states, like Virginia, limit this to real estate licensees, attorneys, and employees of attorneys.  

    ·         Private Mortgage Insurance (PMI) on the property

    ·         Additional investors

    Action: To make an accurate prediction about the short sale timeline for a particular property, research the bank’s general timelines, the property’s liens, and whether there is PMI before writing the offer.

    2. Will the bank make repairs to the property?

    The short answer is, probably not.

    Here’s why:

    ·         The bank does not have possession of the property and has no authority to make repairs on behalf of the seller.

    ·         Many short-sale sellers do not have the financial means to make repairs.

    ·         Many banks require the short sale to be sold strictly “as-is” and do not allow the seller to pay for any repairs.

    Why wouldn’t a bank allow the seller to make repairs? your buyer may ask. A short sale is a sticky situation for a bank, and that the bank wants to avoid potential liability. For example, if the bank allowed the seller to make repairs and the repairs proved to be faulty, the buyer might potentially hold the bank liable, since the seller doesn’t have money (which is how the short-sale situation came about in the first place).

    Action: Find out how the bank and the seller feel about making possible repairs. A short-sale buyer needs to understand that the home will most likely be sold strictly “as-is” and all repairs will be at their expense.

    3. How do other types of debt affect the short sale outcome?

    Many short-sale sellers are more than just “house-poor.” Many have additional debts that place a cloud on title. These include tax liens – income and property, medical liens, mechanic’s liens, and child support judgments.

    Depending on your state, some creditors can try to collect debt by going to civil court and getting a judgment lien placed on the property against the homeowner. These liens must be cleared before the short sale transaction can be closed.

    ·         Surprisingly, tax liens are probably the easiest to clear off the title. The IRS has several avenues to collect back taxes, and doesn’t want to become a real estate holding company. Removing a tax lien can take up to 120 days, so it is imperative that this process is started well in advance of the short sale.

    ·         Medical liens can usually be negotiated and a payment plan worked out. However, this is a time-consuming process and needs to be started as soon as possible.

    ·         Mechanic’s liens are a little harder to get removed. There is not much recourse for tradespeople and bad debts.

    ·         Child support judgments are also difficult to remove because they usually involve government agencies.

    In short, additional debts can tie up the short sale process.

    Action: Make sure to ask the listing agent if a preliminary title search has been performed on the property so you can advise your buyer about possible obstacles.

  • Single Story For Sale on Lake Eustis


    Chain of Lakes Frontage

    • 1,765 sq. ft., 2 bath, 3 bdrm single story - MLS® $289,900

     -  Lake Eustis Frontage. What an opportunity to own nearly 3/4 of an acre directly on Lake Eustis. Sit on the dock and watch the sunsets and the sailboats. This home has room to grow and endless possibilities situated on a lot of giant cypress trees. The home has 3 bedrooms, non-split plan with interior laundry. Large dining room with picturesque views to the lake. Kitchen features an original brick grill area. Private courtyard patio opens from the Family Room, includes a wood burning fireplace, with expansive views to the lake. Park your boat or RV, no deed restrictions. Great getaway for weekends or idyllic retirement on the lake!

    Property information

  • Price Reduced on 31151 Overbrook Street in Mount Plymouth

    Mount Plymouth, Lake County  -  Announcing a price reduction on 31151 Overbrook Street, a 2,058 sq. ft., 2 bath, 4 bdrm single story. Now MLS® $229,000 - Recently Reduced.

    Property information

  • Price Reduced on 34105 Picciola in Picciola Island

    Picciola Island, Fruitland Park  -  Announcing a price reduction on 34105 Picciola, a 1,786 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $315,000 - Just Reduced, AGAIN!.

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  • Winter is the Best Time to Sell Your Home

    Homes Listed in Winter Sell Best!

    Recently we decided to dig into the reports and marketing data to see if it supported our feeling that winter is the best time to buy, and the worst time to sell. However, when we got the results we discovered that our assumptions were dead wrong.

    As we roll through the holidays and into winter, many would-be sellers will be holding off on listing their home, waiting for the spring "selling season" to put their home on the market. But if you're ready to sell your home now, is waiting until spring the best strategy? Not according to the data, it isn't.

    We pulled a year's worth of data on three quarters of a million homes listed across the country and analyzed sales statistics by season. Here's what we found:

    • Homes listed in winter sell faster: 46 days in winter vs. 55 days in summer
    • Homes listed in winter are more likely to sell: 59.2% sell in winter vs. 53.1% sell in summer
    • Homes listed in winter sell closest to their original price: a 2.7% drop from the final price in winter vs. a 5.2% drop from the final price in summer, worth more than $7,000 on a $300,000 home

    Homes listed in winter sell best.


    Yup, you read that right: Overall, homes listed in winter sell best. 5.8% more homes listed in winter eventually sell (compared to the overall percentage of homes listed throughout the year), and they sell 1.4 percentage points closer to their original list price than the median---that's $4,900 on a $350,000 home.

    Spring wins in one category: Speed. Homes listed in spring sell the fastest, sitting on the market for 15% less time than the median. Winter comes in second in this category though, at six percent below the median, while homes listed in summer and fall both sell slower than the median (12% and 16%, respectively).

    Why do you think most sellers are afraid to list their homes in winter? Don’t be shy about sharing this data with your clients who continue to twiddle their thumbs and "wait for better times." As the data shows, there’s no time like right now to list a property. (Thanks to REDFIN blog for publishing this information so we could share it with you and don't be shy about sharing this with your clients!)

    Here's wishing you the best of the Holidays!

    The Team at Blackwater Consulting Group

  • October Existing-Home Sales Rise, Unsold Inventory Continues to Decline

    Washington, DC, November 21, 2011

    Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of Realtors®.

    Total existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October from a downwardly revised 4.90 million in September, and are 13.5 percent above the 4.38 million unit level in October 2010.

    Lawrence Yun, NAR chief economist, said the market has been fairly steady but at a lower than desired level. “Home sales have been stuck in a narrow range despite several improving factors that generally lead to higher home sales such as job creation, rising rents and high affordability conditions. Many people who are attempting to buy homes are thwarted in the process,” he said.

    “A higher rate of contract failures has held back a sales recovery. Contract failures2 reported by NAR members jumped to 33 percent in October from 18 percent in September, and were only 8 percent a year ago, so we should be seeing stronger sales,” Yun added.

    Contract failures are cancellations caused by declined mortgage applications, failures in loan underwriting from appraised values coming in below the negotiated price, or other problems including home inspections and employment losses. “Other recent factors include disruption in the National Flood Insurance Program, and lower loan limits for conventional mortgages, which paradoxically force some of the most creditworthy consumers to pay unnecessarily higher interest rates,” Yun said.

    According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to a record low 4.07 percent in October from 4.11 percent in September; the rate was 4.23 percent in October 2010.

    NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami, said consumers can increase their odds of obtaining a mortgage by being aware of how credit scores are determined. “If you want to get a mortgage, don’t buy a car or take on new installment debt or credit cards,” he said.

    “Pay all your bills on time, maintain old credit lines and don’t use more than 30 percent of your credit limit. Realtors® can help you understand the issues surrounding access to affordable credit, in addition to helping you find the right home and negotiate terms,” Veissi said.

    An ongoing positive trend is a steady decline in the number of homes on the market. Total housing inventory at the end of October fell 2.2 percent to 3.33 million existing homes available for sale, which represents an 8.0-month supply3 at the current sales pace, down from an 8.3-month supply in September. Inventories have been trending gradually down since setting a record of 4.58 million in July 2008.

    The national median existing-home price4 for all housing types was $162,500 in October, which is 4.7 percent below October 2010. Distressed homes – foreclosures and short sales typically sold at deep discounts – slipped to 28 percent of sales in October from 30 percent in September (17 percent were foreclosures and 11 percent were short sales); they were 34 percent in October 2010.

    “In some areas we’re hearing about shortages of foreclosure inventory in the lower price ranges with multiple bidding on the more desirable properties,” Yun said. “Realtors® in such areas are calling for a faster process of getting foreclosure inventory into the market because they have ready buyers. In addition, extending credit to responsible investors would help to absorb inventory at an even faster pace, which would go a long way toward restoring market balance.”

    All-cash sales accounted for 29 percent of purchases in October, little changed from 30 percent in September and 29 percent in October 2010; investors make up the bulk of cash transactions.

    Investors purchased 18 percent of homes in October, compared with 19 percent in September and 19 percent in October 2010. First-time buyers accounted for 34 percent of transactions in October, up from 32 percent in September; they were 32 percent in October 2010.

    Single-family home sales increased 1.6 percent to a seasonally adjusted annual rate of 4.38 million in October from 4.31 million in September, and are 13.8 percent higher than the 3.85 million-unit pace one year ago. The median existing single-family home price was $161,600 in October, which is 5.8 percent below October 2010.

    Existing condominium and co-op sales were unchanged at a seasonally adjusted annual rate of 590,000 in October but are 10.5 percent above the 534,000-unit level in October 2010. The median existing condo price5 was $160,300 in October, down 1.5 percent from a year ago.

    Regionally, existing-home sales in the Northeast fell 5.1 percent to an annual level of 750,000 in October but are 1.4 percent above October 2010. The median price in the Northeast was $224,400, down 5.5 percent from a year ago.

    Existing-home sales in the Midwest rose 2.8 percent in October to a pace of 1.10 million and are 19.6 percent higher than October 2010. The median price in the Midwest was $132,800, which is 4.7 percent below a year ago.

    In the South, existing-home sales increased 2.1 percent to an annual level of 1.94 million in October and are 14.1 percent above a year ago. The median price in the South was $145,700, down 1.6 percent from October 2010.

    Existing-home sales in the West rose 4.4 percent to an annual pace of 1.19 million in October and are 15.5 percent higher than October 2010. The median price in the West was $207,500, which is 1.6 percent below a year ago.

    The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

  • Housing Must Be a National Priority

    Anaheim, CA, November 13, 2011

    The struggling housing market needs to be a priority on the nation’s public policy agenda, because housing and homeownership issues affect all Americans. That was the message from speakers at the Legislative and Political Forum yesterday at the 2011 Realtors® Conference & Expo here.

    Realtors® at the National Association of Realtors® annual conference heard from Washington Post columnist Eugene Robinson and political media consultant Alex Castellanos, who both agreed the housing market is hurting and needs to be a top priority for the 2012 presidential candidates.

    Both speakers said that while much of the debate focuses on the financial aspects of homeownership, there is no denying that owning a home has many social benefits and is important to the fabric of society.

    “Owning a home represents the best of America, is a goal for many families and has many benefits beyond the financial. We build the economy on homeownership, however, and until the housing market is restored, the nation and economy can’t move forward,” said Castellanos. He said that instead of taking money from hardworking, middle-class Americans by reducing or eliminating the mortgage interest deduction, the government should to cut its spending and give back to the American people.

    “Taking away the mortgage interest deduction would let even more air out of the balloon and be devastating to the housing market and economy. I don’t anticipate changes to mortgage interest deduction,” said Castellanos.

    Rep. Gary Miller (R-Calif.) also spoke at the forum and urged Realtors® to reach out to their members of Congress and encourage them to get involved in stabilizing the housing market.

    “A healthy housing industry helps everyone in the country. The housing market has led this nation out of every downturn we’ve had in the past. Congress needs to focus on stabilizing the market, and that must be dealt with today and in a comprehensive fashion that will serve home owners today and in the future,” said Miller.

    He said that legislation and regulations to fix the housing market must do no further harm. Miller said reduced loan limits for conforming loans, proposals that would eliminate Fannie Mae and Freddie Mac, and calls to eliminate or reduce the mortgage interest deduction are having a negative impact on consumer confidence and the housing industry, and could lead to less liquidity and possibly more foreclosures.

    Miller talked about the future of the secondary mortgage market and said that while private capital must be the dominate source of mortgage credit, government involvement is necessary to ensure investor confidence and mortgage liquidity.

    NAR supports the principles of a bill introduced by Reps. Miller and Carolyn McCarthy (D-N.Y.) earlier this year, H.R. 2413, the “Secondary Market Facility for Residential Mortgages Act of 2011,” that offers a comprehensive strategy for reforming the secondary mortgage market and gives the federal government a continued role to ensure a consistent flow of mortgage credit in all markets and all economic conditions.

    California Governor Jerry Brown was also a featured speaker at the forum and told attendees that while it’s important for consumers to live within their means it also critical that they invest in their futures, and one important way is through homeownership. He also said there needs to be more help for underwater homeowners through refinancing their mortgages or reducing their debt burden.

    Brown hopes Congress can come together soon and develop solutions that will solve many of today’s housing and economic challenges. “The nation needs to have restored confidence in the housing market and economy,” he said.

    The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

    # # #

    Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section.

  • C202-501 W Old Hwy 441 in Downtown Mount Dora is Sold!

    Sold

    Downtown Mount Dora, Mount Dora  -  The single story at C202-501 W Old Hwy 441 has been sold.

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  • Single Story For Sale in Downtown Mount Dora


    Restored historic Bungalow

    • 1,454 sq. ft., 2 bath, 2 bdrm single story - MLS® $263,000

     -  Fabulous Historic Downtown Bungalow LAVISHLY RESTORED to PERFECTION by Custom Home Builder Sam Sadler. The "Henry Victor" house (ca.1938) has been remodeled in 2010 with custom decorative touches throughout. It features two (2) bedroom suites each with new luxury baths and an upstairs loft for additional sleeping space or den. The inviting living room and elegant dining room feature original stained woodwork and solid hardwood floors for lasting charm. A newly enclosed Florida Room brings the beauty of the outside to your chairside and the wall to wall carpeting and fireplace give this room a luxurious, cosy feel. The kitchen is...Large, Functional and New! The newly finished hardwood floors form the basis for this showcase kitchen with dramatic black beadboard cabinets, tumbled marble counters & backsplash, farmhouse sink, stainless appliances and gas range. A breakfast room with marble floors, built-in dinette and TV niche provides views of the backyard patio. Party all year on the large, concrete-paved back patio with a natural gas smoker. Last, but certainly not least, is the newly built two (2) car garage large enough to accommodate large vehicles. The original garage offers additional car storage and workshop space. Stroll to everything from this ideal location in Historic Downtown Mount Dora!

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  • Sam Stolz Historic Home Information

    Additionally, please refer to this "Blog" for more great photos and information on this wonderful home.

    http://studiohourglass.blogspot.com/2011/08/sam-stoltz-for-sale.html

     

  • Single Story For Sale in Mount Plymouth

    Curb Appeal
    Historic Sam Stolz built home

    • 2,058 sq. ft., 2 bath, 4 bdrm Historic Home - MLS® $249,000

     -  Historic Sam Stolz built home. One of 5 original "Plymouthonian" homes, built between 1922 and 1927. This home has no corners, all rounded gothic arches, coved high ceilings, original wood floors, pecky cypress ceilings and beams on the first floor, all cypress window frames, cypress wood "Juliette" balcony off master, cypress wood banister and balusters going upstairs. Note the original pecky cypress arched doors at the front and rear of the home. Home features several little original built-ins, a desk in the living room and ironing board in one of the guest bedrooms. The Florida room features an original Sam Stolz interior wild bird water feature, made from coquina stone and still operates. Another unique feature, typical of Sam Stolz style is the handmade, bas-relief of pelicans, doves, herons, wild turkey and quail above the exterior of the front door. Not to be left out is the large 10x20 detached block workshop with double carport. The unique features of this nearly 90 year old historic home go on, and on. This is a must see home for the Buyer that appreciates the history of the home and wants to give it the love it deserves. The home sits on a .80 acre parcel and includes, an abutting lot of .83 acre and .19 acre across street, for total of 1.82 acre. Please note, the home is in remarkably good condition, there are a few modern upgrades that a new owner may want to make, but some of the electric and the plumbing has been done, new tile roof in 03, and other upgrades.

    Property information